Anand Murthy
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Which would be the best option to buy property in Bangalore from investment perspective?
Q: Hi, Looking at the skyhigh rates of properties in Bangalore today which of these would be the best option to buy a property in Bangalore from investment perspective: 1. Go for a life time loan and invest on a residential plot in a developed area where the cost is ~Rs 6000+ per sqft today. or 2. Invest on a residential plot in the new remote areas at close proximity of the city where the prices are already hyped to Rs 3000+ per sqft. or 3. Invest on the plot at the outskirts like Devanahalli, Doddaballapur, Chikmangalore, Sarjapur Extension, Nelamangala extension areas where the cost is around Rs 1000+ per sqft. Please advise. First option: I think the already developed areas in the city have the potential to become even costlier at faster rates. Second option: The areas around Bangalore are catching up with many many residential plots/sites, do all of these areas really be fit for dwelling soon in the next 3-4 years? like the Vishweshwaraiah layout and other private properties around in the West Bangalore. Thanks, Anand

Latest Answer: Mr. Anandraj, any of the options will be good but you have to choose the right property..consider all other chances of growth in that particular locality.. before airport was proposed at Devanahalli, hardly few people had heard about the areas in that region.. But then the prices suddenly started rising and rising.. so research well abut the areas which you have on your mind and then choose the best among them.. Also I would advise don't take life long commitment as you have mentioned in Option 1..

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